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Cathay Pacific, Pilots Union Near Settlement

HONG KONG—Cathay Pacific Airways Ltd. appears to have reached a settlement with its pilots union, avoiding a possible work slowdown ahead of the peak holiday travel season.

Negotiators from the Hong Kong Aircrew Officers Association, which represents the pilots' three unions, accepted an offer from Cathay Pacific and recommended it to the unions for a vote late Friday, said John Findlay, one of the negotiators.